� A massive LONG order on $ZEC incurs unrealized losses of over $450,000 after an 18% drop!
Zcash has seen a sharp decline, with the price falling by more than 18% from its recent peak.
Amid this volatility, the major trader 0x362a opened a 5x leveraged LONG position on approximately 4,135 ZEC, worth about $5.8 million, via Aster DEX.
Following the latest correction, the portfolio is currently facing unrealized losses exceeding $450,000. 📉💰
Despite this temporary pullback, the presence of large leveraged positions on DEX platforms may reflect some big traders’ confidence in a rebound.
👀 The question now:
Will $ZEC be able to maintain the key support levels, or will continued market pressure push this trade toward liquidation?
$ASTER What do you think? 🔥
Source: Aster DEX
C #Crypto #News #ZEC #Trading
Zcash has seen a sharp decline, with the price falling by more than 18% from its recent peak.
Amid this volatility, the major trader 0x362a opened a 5x leveraged LONG position on approximately 4,135 ZEC, worth about $5.8 million, via Aster DEX.
Following the latest correction, the portfolio is currently facing unrealized losses exceeding $450,000. 📉💰
Despite this temporary pullback, the presence of large leveraged positions on DEX platforms may reflect some big traders’ confidence in a rebound.
👀 The question now:
Will $ZEC be able to maintain the key support levels, or will continued market pressure push this trade toward liquidation?
$ASTER What do you think? 🔥
Source: Aster DEX
C #Crypto #News #ZEC #Trading
